20/11/2012
A Proposal for the Establishment of a Joint Stock Company to Operate and Develop Saudi Ports
A Proposalfor the Establishment ofaJointStockCompanytoOperateandDevelopSaudi Ports
Maritime Transport Forum presented a strategic vision for the development
4th container terminal at Jeddah Portwith a capacity of 1.5 million TEUs and an estimated cost of 2 billion Riyals.
Officialsand specialistsparticipatingin thesessionsof (Maritime Transport in theKingdom..Reality and Aspirations) Forum explained that Saudi ports fell behind in international competition because of many reasons; most notable the Saudi Ports Authority policy of awarding contracts to the lowest price offer which caused bad performance and exposed economic facilities to the risks of contractors' miscalculations as they submit low priced offers to win the contracts and then try to get out of their commitmentsto achieve greaterprofit.
Engineer EssaAl Hammadi, Head of Maritime Transport Committee at Asharqia Chamber, said during the first session (Maritime transport obstacles and proposed solutions) of the Forum, organized by Asharqia Chamber under the auspices of His ExcellencyPresident of Saudi Ports AuthorityEngineer Abdul Azizbin MohammedAl-Tuwaijri on Tuesday November 20, 2012, that overlapping powers among various bodies; Ports, Customs, Border Guard, and Ministry of Commerce ledtotheaggravationoftheproblem.
